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Please help me check my accounting work. Will thumbs up if correct or correctly adjust it Required information (The following information applies to the questions
Please help me check my accounting work. Will thumbs up if correct or correctly adjust it
Required information (The following information applies to the questions displayed be/ovv.j Following are the issuances of stock transactions. 1. A corporation issued 2,000 shares of SIO par value common stock for $24,000 cash. 2. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth S25,500_ The stock has a $3 per share stated value. 3. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth S25,500_ The stock has no stated value. 4. A corporation issued 500 shares of $25 par value preferred stock for $38,000 cash. Prepare journal entries to record each of the following four separate issuances of stock. View transaction list No c D Transactio 2 3 4 View journal eny worksheet eneral Journ Cash Common stock, $10 par value Paid-in capital in excess of par value, Common stock Organization expenses Common stock, $3 stated value Paid-in capital in excess of stated value, common stock Organization expenses Common stock, no-par value Cash Preferred stock, S2S par value Paid-in capital in excess of par value, preferred stock Debit 24,000 26,000 26,600 38,000 12,600 recr 20,000 4,000 3,000 22,600 25,600 25,600
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